Stephanie Mickus

writer, something, something else

[DreamLeaf 🌱🌻 🍉 @DreamLeaf5]

Wow it’s almost like “tough on crime” doesn’t actually work and you have to address the root causes

[The Ginger Swindler @lilydsmith]

coworker asked me if ive been “seeing those hunter biden tweets” baby i can recite them. i pledge allegiance to them.

[Stephanie Mickus @smickable]

I’ll see your “bloom where planted” bullshit and raise you a “don’t be a delusional little bitch about who’s watering you”

[Candidly Tiff @tify330]

Hunter schooling people on this app is my new kink

[Shane @shaneferro]

I too am enjoying Hunter Biden being a great poster, but some people are a little too surprised that the son of a President is smart, well-informed, and good at communicating, as if they think addiction only happens to idiots

[Taniel @Taniel]

Los Angeles County says roughly 688K ballots left. We don’t know exactly how many are within city of Los Angeles. But we can estimate based on count so far.

Based on that, Raman needs to win what’s left over Pratt by roughly 12-13% to catch up.

She won today’s batch by 13.2%.

[CBS Mornings @CBSMornings]

Kane Parsons, the 20-year-old director of the box office-topping film “Backrooms,” is “absolutely not” going to embrace AI, explaining that he doesn’t “see the value in, like, outsourcing” the making of art.

[they/them might be giants ☭ @babadookspinoza]

I don’t know how to explain it to people who don’t understand that something of all of us is buried in Gaza’s mass graves.

[Yashar Ali 🐘 @yashar]

NEW

President Trump just posted this.

What’s happening in Los Angeles and California more broadly is what always happens: it’s a result of how California runs its elections.

Do I love it? No. I wish it would change.

But it’s not evidence of corruption or cheating.

The delays are frustrating, but they are a longstanding feature of the system, not proof that anything improper is taking place.

[Deadline @DEADLINE]

'Backrooms' Director Kane Parsons Calls AI "Genuinely Harmful" To Creativity: "Cultural And Economic Rot" https://t.co/w5DQi6EgnH

[DiscussingFilm @DiscussingFilm]

‘BACKROOMS’ director Kane Parsons says he would get “no enjoyment” out of using generative AI on any project — “It defeats the purpose entirely for me.”

“I think I'm in the same boat as most well-adjusted people. If I could snap my fingers and make generative Al disappear forever, I probably would.”

(Source: https://t.co/LA3K1o9KjK)

[Stephanie Mickus @smickable]

Basketball is so fast and squeaky.

[Matthew @NEEMOAHTOAD]

Kane being interviewed asked about gen AI during an interview for the film basically confirmed for me that the AI readings ppl have had for the film are 100% intentional

[hasanabi @hasanthehun]

i am still hoping for a becerra steyer runoff. no republican at the top of the ticket will depress republican turnout in the general and will have positive down ballot consequences. def need this w becerra being an exceptionally weak corporate stooge.

[Michael Trujillo @mikehtrujillo]

I don’t think Los Angeles or CA is ready for the number of late ballots currently in the pipeline. We will SURPASS 2022 turnout and go 10 points above that - (my estimate) there is a lot of election left boys and girls.

[Mira Gonzalez @miragonz]

when @spencerpratt went to USC he would bring his wife to class every day to take notes for him i'm not joking at all

[Thrilla the Gorilla @ThrillaRilla369]

We’re obsessed with the idea that poor people might take more than they need, but we never question why the super rich are never satisfied with what they already have.

[Edward Grefenstette @egrefen]

SpaceX being rammed into indices with no profit requirements, seasoning, and generally looser constraints is economic terrorism. Index trackers will eat the loss when reality catches up and retail investors will suffer.

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

Imagine you spent 40 years doing the boring, responsible thing.

You opened a 401k at 23. You contributed every paycheck. You ignored the noise. You bought the index because Bogle told you to, because Buffett told you to, because every honest piece of financial advice for 30 years told you the index was the safest, most diversified, most rules-based way to own America.

The whole point was the rules.

The rules said: a company must trade for 12 months before joining the S&P 500. The rules said: it must show four consecutive quarters of GAAP profitability. The rules existed because in 1999 the index quietly bought a lot of stocks at the top, and pensioners paid the bill.

After the dot-com crash, S&P tightened the rules. Nasdaq tightened the rules. FTSE Russell tightened the rules.

For 23 years, those rules held.

Then SpaceX filed for IPO.

And the rules changed.

The S&P 500 waived the profitability requirement. Nasdaq cut its trading-history window from 90 days to 15. FTSE Russell cut its to 5.

Bloomberg Intelligence estimates the major index funds will absorb between 19% and 24% of SpaceX's float within six months. That's over $30 trillion of passive 401k and retirement money, mechanically buying a single newly public company at IPO valuations, because the rules said they had to.

Except the rules used to say they didn't.

Here's the thought exercise:

If you spend 40 years building a system designed to protect ordinary savers from buying overpriced stocks, and then you waive the protections the moment a sufficiently large stock asks you to, what was the system actually protecting?

Most of investing is about understanding what's a rule and what's a guideline.

A rule binds the rule-maker.

A guideline binds the saver.

You're allowed to find out which is which only after the fact.

[Mayor Zohran Kwame Mamdani @NYCMayor]

It would take far more than a month to honor the contributions of queer and transgender New Yorkers.

From the Cercle Hermaphroditos in 1895, the first trans advocacy group in the United States, to the drag balls of the Harlem Renaissance, to the Stonewall uprising, to the Lesbian Herstory Archives, to ACT UP!, founded in 1987 as queer people fought for their lives while the Reagan administration looked away, New York City's history has long been shaped by queer and trans New Yorkers.

To all our queer and trans neighbors: you deserve a City where you can afford to live safely, openly, and joyfully.

Happy Pride, New York City.